Company Valuation: Zealand Pharma A/S

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 8,766 6,271 10,366 21,785 50,548 28,788 28,788 -
Change - -28.46% 65.31% 110.16% 132.03% -43.05% 0% -
Enterprise Value (EV) 1 7,638 5,364 9,712 20,152 42,714 17,187 17,193 18,159
Change - -29.78% 81.08% 107.49% 111.96% -59.76% 0.04% 5.62%
P/E ratio -10x -6.11x -7.74x -30x -44.1x 4.84x 39.6x -92.8x
PBR 6.89x 6.83x 11.4x 13.7x 5.87x 1.97x 1.86x 1.94x
PEG - -0.8x -0.81x 0.6x -1.4x -0x -0.5x 1x
Capitalization / Revenue 24.8x 21.4x 99.7x 63.6x 806x 3.26x 6.65x 8.52x
EV / Revenue 21.6x 18.3x 93.4x 58.8x 681x 1.95x 3.97x 5.38x
EV / EBITDA -10.2x -5.3x -13.5x -36.8x -34.3x 2.68x 25.5x -13.8x
EV / EBIT -9.64x -5.1x -11.6x -35.2x -33.6x 2.64x 19.9x -16.7x
EV / FCF -10.7x -4.35x -10.2x -46.1x -45.4x 2.8x 12x -20.4x
FCF Yield -9.34% -23% -9.82% -2.17% -2.2% 35.7% 8.35% -4.91%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -22.07 -23.75 -26.02 -12.44 -16.24 83.43 10.19 -4.349
Distribution rate - - - - - - - -
Net sales 1 353.3 292.6 104 342.8 62.69 8,829 4,326 3,378
EBITDA 1 -749.7 -1,012 -719.2 -547.2 -1,246 6,416 673.7 -1,312
EBIT 1 -792.4 -1,052 -837.2 -572.2 -1,272 6,508 864.3 -1,087
Net income 1 -846.7 -1,018 -1,202 -703.7 -1,079 5,887 803.3 -618.4
Net Debt 1 -1,127 -906.9 -653.8 -1,633 -7,834 -11,601 -11,595 -10,629
Reference price 2 220.60 145.10 201.40 373.20 715.50 403.40 403.40 403.40
Nbr of stocks (in thousands) 39,735 43,216 51,470 58,374 70,647 70,437 70,437 -
Announcement Date 3/11/21 3/10/22 3/1/23 2/27/24 2/20/25 - - -
1DKK in Million2DKK
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
4.84x1.9x2.62x-.--% 4.51B
47.29x11.15x40.2x0.02% 50.89B
17.62x6.39x14.06x1.69% 44.34B
-25.47x51.26x-29.11x-.--% 31.66B
-26.94x4.61x-12.72x-.--% 27.45B
30.57x6.64x18.4x-.--% 21.91B
15.96x3.7x9.79x-.--% 18.41B
-181.52x44.77x-181.02x-.--% 13.07B
-317.95x25x1052.16x-.--% 12.4B
-11.54x144.19x-22.48x-.--% 11.76B
Average -44.71x 29.96x 89.19x 0.17% 23.64B
Weighted average by Cap. -16.16x 22.90x 52.48x 0.32%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation Zealand Pharma A/S